Between February 23 and March 3, three leading global financial institutions announced updated environmentally linked targets aimed at reducing by 2030 their financed emissions in carbon intensive sectors, including oil &...more
3/21/2023
/ Carbon Emissions ,
Climate Action Plan ,
Climate Change ,
Corporate Social Responsibility ,
Critical Infrastructure Sectors ,
Deutsche Bank ,
Environmental Social & Governance (ESG) ,
Financial Institutions ,
Financial Services Industry ,
Financing ,
HSBC
Last month, Singapore’s Green Finance Industry Taskforce (GFIT) launched the final consultation period to finalize its Green and Transition Taxonomy (the “Taxonomy”). This is Singapore’s third public consultation on the...more
3/16/2023
/ Biodiversity ,
Climate Action Plan ,
Climate Change ,
Consultation Periods ,
Critical Infrastructure Sectors ,
Environmental Social & Governance (ESG) ,
Financial Institutions ,
Green Finance ,
Net Zero ,
Regulatory Agenda ,
Regulatory Reform ,
Singapore ,
Sustainable Finance ,
Taxonomy
On February 17, 2023, the European Commission granted approval for the Spanish and German governments to subsidize the construction of two renewable hydrogen-powered steel production facilities for Europe’s largest...more
3/3/2023
/ Carbon Emissions ,
Climate Action Plan ,
Climate Change ,
Environmental Social & Governance (ESG) ,
EU ,
Foreign Subsidies ,
Germany ,
Infrastructure ,
Spain ,
State Aid ,
Steel Industry ,
Sustainable Business Practices
Moody’s published its 2023 Outlook – Macroeconomic challenges to exacerbate ESG credit risks on January 9, 2023, laying out various macroeconomic challenges it expects as a result of climate-related and other issues. Among...more
In a recent valedictory press interview, the Secretary-General of the Financial Stability Board (FSB), Dietrich Domanski, posited that attempts to convince banks to combat climate change will be insufficient without financial...more
1/10/2023
/ Business Strategies ,
Carbon Taxes ,
Climate Action Plan ,
Climate Change ,
Corporate Governance ,
Environmental Social & Governance (ESG) ,
Financial Institutions ,
Financial Stability Board ,
FSB ,
Regulatory Agenda ,
Regulatory Oversight